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Trading statements

Cineworld revenues up

19 May 2016 07:33

Cineworld Group reports solid revenue growth of 9.8% for the 19 weeks to 12 May with increased constant currency box office revenues of 7.6%.

Admissions grew in both the UK & Ireland and ROW. Key releases in the period included "Deadpool", "Batman vs Superman", "Captain America: Civil War" and a number of family titles "Zootropolis", "Kung Fu Panda 3" and "The Jungle Book". Performance in ROW was particularly strong, with a number of successful locally produced movies including "7 Things You Do Not Know About Men" and "Roy History" in Poland and "Lida Baarova" in Czech Republic.

The growth in retail revenues of 12.1% was driven by both the nature of the film mix and the extension of retail offerings, including Starbucks. The increased attendances for the year to date supported the Other Income line (which grew by 17.8%), with screen advertising revenues for the year to date particularly strong across the group.

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